ZTO Express (Cayman) (NYSE:ZTO) issued its quarterly earnings data on Wednesday. The transportation company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.01), Morningstar.com reports. ZTO Express (Cayman) had a return on equity of 13.32% and a net margin of 24.82%. The business had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.48 billion. During the same quarter last year, the company earned $0.78 EPS. ZTO Express (Cayman)’s revenue for the quarter was up 29.0% on a year-over-year basis.
Shares of ZTO traded up $0.92 during midday trading on Thursday, reaching $19.74. The company had a trading volume of 110,348 shares, compared to its average volume of 3,193,246. ZTO Express has a 1-year low of $14.69 and a 1-year high of $22.67. The company has a market capitalization of $9.40 billion, a PE ratio of 25.64 and a beta of 0.72.
A number of equities research analysts have commented on the stock. TheStreet cut shares of ZTO Express (Cayman) from a “b+” rating to a “c” rating in a research note on Wednesday, May 1st. UBS Group upgraded shares of ZTO Express (Cayman) from a “neutral” rating to a “buy” rating in a report on Tuesday, April 23rd. Finally, Zacks Investment Research upgraded shares of ZTO Express (Cayman) from a “sell” rating to a “hold” rating in a report on Saturday, February 23rd. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $21.50.
Several institutional investors and hedge funds have recently modified their holdings of ZTO. BlackRock Inc. increased its stake in shares of ZTO Express (Cayman) by 3,986.0% in the 1st quarter. BlackRock Inc. now owns 14,713,798 shares of the transportation company’s stock worth $268,969,000 after acquiring an additional 14,353,692 shares during the last quarter. Norges Bank acquired a new position in shares of ZTO Express (Cayman) in the fourth quarter worth $59,262,000. Ward Ferry Management BVI Ltd acquired a new position in shares of ZTO Express (Cayman) in the first quarter worth $41,375,000. TB Alternative Assets Ltd. raised its holdings in shares of ZTO Express (Cayman) by 253.5% in the first quarter. TB Alternative Assets Ltd. now owns 2,701,222 shares of the transportation company’s stock worth $49,378,000 after acquiring an additional 1,937,019 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of ZTO Express (Cayman) by 415.6% in the first quarter. Northern Trust Corp now owns 1,994,927 shares of the transportation company’s stock worth $36,468,000 after acquiring an additional 1,608,009 shares during the last quarter. 36.70% of the stock is owned by institutional investors and hedge funds.
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About ZTO Express (Cayman)
ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. The company offers delivery services for e-commerce and traditional merchants, and other express service users. As of December 31, 2017, it operated a fleet of approximately 3,600 self-owned trucks.
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